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Senate approves tax break for auto loan interest
Wed, 04 Feb 2009The U.S. Senate voted on Monday to make loan interest and sales taxes on vehicle purchases deductible from federal income taxes. The proposal, championed by the National Automobile Dealers Association, was added to an economic stimulus bill under debate in the Senate.
Feds look at Toyota electronics as source of accelerator defects
Tue, 02 Feb 2010The U.S. Department of Transportation is looking into whether Toyota Motor Corp.'s problems with unintended acceleration can be traced to defects in the electrical controls rather than just the mechanical problems cited by the automaker, a Transportation official said Tuesday. “We're not finished with Toyota and are continuing to review possible defects and monitor the implementation of the recalls,” Transportation Secretary Ray LaHood said in a statement.
2015 Ford Mustang will perch atop Empire State Building
Tue, 25 Mar 2014Ford is celebrating the Mustang's 50th anniversary in style. In addition to the cross-country tour and sporadic events across the world, Ford will repeat what it did to introduce the Mustang convertible 50 years ago, setting it on top of the Empire State Building during the New York auto show. So, you might guess Ford would use one of those super cranes to get the car up there, but even the best portable units can only go up 50 stories or so; the observation deck at the Empire State Building is on the 86th floor.